11 Below is the balance sheet of a bank. The reserve requirement is 3 percent on the first

$30 million of transaction accounts and 10 percent on transaction accounts in excess of $30 million.

Bank Balance Sheet

(amounts in millions of dollars)

Assets Liabilities 1 Capital Reserves 15.9 Transaction 180.0 Securities 34.1 accounts Loans 150.0 Capital 20.0 Total assets 200.0 Total liabilities 200.0 1 capital